staff In a recent interview with The Baltimore Sun, Weller Development Company Founder Marc Weller and Partner Steve Siegel expressed the Port Covington Development Team’s commitment to cultivating a life sciences cluster in Port Covington, due to the existing traits of the Baltimore-DC corridor that support this growth. Read the article to learn about the highly … Read more
Join the DMV’s music-loving community for our first in-person concert of the season! In partnership with The Finn Group, the Port Covington Development Team is bringing Jazzy Summer Nights back to West Covington Park. The concert series will feature live music, food trucks from local restaurants, hookah vendors, cigar lounges, and a Sagamore Spirit bar. … Read more
Port Covington Marina is Temporary Home for Prospector Racing Yacht in Preparation for Renowned Annapolis to Newport Race Prospector, a state-of-the-art racing yacht set to participate in the renowned Annapolis to Newport Race, is making Port Covington Marina its home for the month of May, before making its way to Annapolis in early June to … Read more
https://portcovington.wpengine.com/wp-content/uploads/PC_TowerCraneSign_30.mp4 Tower cranes are a tell-tale sign of progress in development and construction. With 1.1 million square feet under construction in Port Covington, five tower cranes are required to build the five buildings as part of its current development phase. To date, Chapter 1B has three tower cranes installed and active onsite at … Read more
A BID, or business improvement district, is a governmental entity formed by property owners for the purpose of taxing themselves and using the funds to provide supplemental maintenance, security and other maintenance services beyond what the City provides as its basic services. A BID is supported by a supplemental property tax that is collected on … Read more
On March 24, Port Covington officially celebrated the Chapter 1B vertical construction with a groundbreaking ceremony, with more than 1.1 million square feet of new development now underway. Marking a significant milestone for one of the largest urban revitalization efforts in the United States, Port Covington officially launched vertical construction this week with a groundbreaking … Read more
Chapter 1B Construction Underway In December, the Port Covington Development Team announced that financing for the next development phase had been finalized. The capitalization totals more than $650 million, including approximately $137 million in Tax Increment Financing (TIF) bonds. The closing of the financing marked a significant milestone for Port Covington, one of the largest … Read more
New Companies Move In, Bolstering Efforts to Develop a Thriving Innovation Ecosystem in Port Covington The Port Covington Development Team announced four companies that have joined the roster of businesses located located at City Garage and Impact Village, both of which were developed to provide a foundation for the innovation and entrepreneurship ecosystem in Port … Read more
Buildings to Begin Delivering in 2022; More than $9 Million Distributed as Part of Largest Community Benefits Agreement in Baltimore History The Port Covington Development Team consisting of lead investors Sagamore Ventures and Goldman Sachs Urban Investment Group, and lead developer Weller Development Company, today announced that financing for the next development phase has been … Read more
Instead of the typical Trunk or Treat event, the Port Covington Development Team had to reimagine its Halloween festivities for the year. The team packaged Halloween baskets packed to the brim with goodies – pumpkins, crafts, candy, masks, and more – and delivered to community partners in SB7. We hope these efforts brought smiles to … Read more
